Future Scope of Direct Carrier Billing Platform Industry

Electronic billing, or electronic bill payment and presentation, is when a seller such as a company, organization or group sends their bills or invoices over the Internet and customers pay the bills electronically. This replaces the traditional method of sending paper invoices and making payments by manual means such as sending checks.

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Some of the key players of Direct Carrier Billing Platform Industry:

Boku Inc., Oracle Corp., Amdocs Ltd., Digital Turbine Inc., Bango Plc

Electronic billing offers a number of advantages, including the faster presentation of invoices and the reduction of the costs of processing paper documents. To take full advantage of electronic billing, both sellers and buyers must have computer systems that can handle electronic billing and access to financial institutions that can make electronic payments.

The development of electronic billing and payments began in the late 20th century, and while the exact origins are unclear, it is generally agreed that the development of electronic billing coincided with the rise of the information age. This went hand in hand with the development of Internet banking, the advent of accounting software, and the widespread use of email.